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Blog expands upon our monthly main site commentary. Regular categories include Fund Updates, Works In Progress, Making Most of MFO Premium, and Site Updates. Reader comments can be posted via the form provided under each post. Subscribers can also submit articles as guests and offer site feedback by clicking here.

Latest MFO Fund Family Scorecard gives AQR a “Lower” grade. Of AQR’s 39 funds, 26 trail their peers since launch through April 2019 based on absolute return.

Fortunately, most of AQR’s AUM is in just five funds: Managed Futures Strategy (AQMIX), Style Premia Alternative (QSPIX), Large Cap Defensive Style (AUEIX), Long-Short Equity (QLEIX) and Large Cap Multi-Style (QCELX), which have all bested their peers since launch.

But it’s been a tough past year for two of these: Style Premia Alternative (QSPIX) and Long-Short Equity (QLEIX), each down 13-14%, particularly since alternatives tend to target investors with more moderate risk tolerance.

As highlighted in this month’s commentary, we have two sessions planned, one hour each nominally, on Wednesday, 15 May 2019 at 2 pm and 5 pm eastern … 11 am and 2 pm pacific.

Like last time, we will employ easy-to-use Zoom web conferencing tool.

Intention is to help walk users with the new QuickSearch tool, a “lite” version of MultiSearch, plus provide an update on our premium site’s latest features, like the Compare tool, empty column hide option, and ability to export (up to 25) funds from results table to Watchlists.

Please register here for the first session, or here for the second session.

Through October, all six Dodge & Cox funds below 3- and 10-month simple moving averages (SMAs), including its Income fund DODIX. Its closed International Stock fund DODFX is trending 8.5% below is 10-month SMA.

Since inception Hussman funds have been one of great destroyers of capital in the mutual fund industry, except for the fees they generate, which are currently as high as 2% per year. And even still, they maintain an AUM of $600M. Can you believe that?

Just migrated MFO Premium to DreamHost from SiteGround, which has hosted the site since launch in November 2015. The reason for the change is that Paypal recently started enforcing more up-to-date versions of TLS (Transport Layer Security) than were available on SiteGround’s server, so it stopped handshaking with our subscriber management software, called UserBase. That meant we had to manually approve subscribers after they paid on PayPal. That issue should be fixed now.

We apologize for any hassle!

The site appears fully functional and the transition should be transparent, but if you see anything amiss (for example, missing newer WatchLists), please email (admin@mfopremium.com) and we will address soonest.

All 11 Baillie Gifford funds have outperformed their peers since launch in US. YTD, however, its international/EM funds have followed their categories down … now in 6th month of drawdown. And, last month its two growth funds dipped with FB. Still, impressive numbers so far.